Inter Entity Transactions

Do you run multiple entities within one or across Sage 300 databases?
Are you struggling to keep everything in balance?
Increase the accuracy of your financial data

Why use it?

Do you allocate expenses and/or revenue across multiple funds or companies, balance inter-company loan accounts, or process cash between companies?

Are you wasting hours or days each month manually reconciling those accounts and creating balancing transactions?

What if you could keep those entities in balance at all times, with offsetting entries being automatically generated in each company based on highly configurable rules, and with an extensive audit trail?

What is it?

Inter Entity Transactions facilitates the management of allocations and transfers between entities. Entities equate to segments in the General Ledger, and could include branches, divisions, departments, funds, projects, trusts or multiple companies held within one or across Sage 300 (Accpac) databases*.

Due-to and due-from loan account transactions are automatically generated. Complex routes can be followed when there are no direct inter-entity account relationships between the transacting entities. Detailed checks and reports ensure entities always remain in balance.

Inter Entity Transactions will work on all GL transactions regardless of whether they originated from the GL, any subsidiary ledger, a 3rd party module, or an external system that has created GL batches.

This module can help any organization with loan accounts that should mirror each other to reflect inter-entity transaction processing requirements. It is also particularly well suited to non-profit organizations with Fund Accounting requirements.

Anne conducts detailed training on how to set up and use Orchid's Inter Entity Transactions add-on for Sage 300 to automate the generation of balancing loan account entries.

Inter Entity Transactions - Training (GL Triggers)

Anne conducts detailed training on how to set up and use the GL Triggers features of Inter Entity Transactions.
(Oct-2018)

Inter Entity Transactions - Training (Cash Management)

Anne conducts detailed training on how to set up and use the Cash Management features of Inter Entity Transactions.
(Oct-2018)

Screenshots

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What do our clients think?

"With Orchid Inter Entity I can be confident all allocations are accurately recorded, so there are no surprises..."

STEPHEN LANSLEY, CONTROLLER, BDO SYDNEY, AUSTRALIA

"As much as we believed that Inter Entity would solve the issues experienced, it was only once implemented that the true advantages were known."

ABRIE PRETORIUS, AFFINIAN ICT SOLUTIONS, CAPE TOWN, SOUTH AFRICA

"...a competing product to do inter-segment balancing was USD 4,500 plus two days of training from the developer. I was able to setup a compelling demo using Orchid's Inter Entity add-on in a couple of hours, without any training...Go figure!"